CDARS

Central National Bank  offers full FDIC insurance on CD investments up to $50 million*. The Certificate of Deposit Account Registry Service® is the easiest and most convenient way to insure deposit amounts larger than $250,000. All of the paperwork is handled through CNB. Your large deposits are broken down into smaller amounts and placed with other banks that are members of a special network. Then, those banks issue CDs in amounts under $250,000, so that your entire investment is eligible for FDIC insurance. Forget about multiple rate negotiations and multiple disbursement checks; here you will earn one rate on the entire investment and you will receive statements directly from CNB. This is an excellent cash management and long-term investment tool for private investors, municipalities and non-profit entities.

*Maximum investment is as of 12/01/2010. As the CDARs program continues to expand, the upper limit increases.